Price rises change expectations of inflation, leading workers to bid for wage increases that preserve their buying power and firms to push through price increases, generating a vicious spiral.

价格上涨改变通胀预期，致使工人为维持购买力而要求涨工资，企业推动价格上涨，从而产生一个恶性工资-价格螺旋。

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But Mr Trichet's concern is that higher headline rates could push up inflation expectations, leading to bigger pay demands, and so trigger a wage-price spiral, as in the 1970s.

特里谢先生担心，现在的情况可能如同70年代一样，更高的整体通货膨胀率会提升通货膨胀预期，引发大幅加薪的需求，从而引发工资价格的螺旋上升。

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The central bank said another factor for inflation is rising salaries, which will push up overall price levels.

央行指出，上涨的薪资水平是通货膨胀的又一因素，推动价格水平的全面上涨。

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All these things can swell domestic demand and so push up general price inflation.

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As emerging economies push the prices of commodities up and those of manufactured goods down, consumer-price inflation is no longer a reflection of domestic monetary conditions, nor is low inflation a guarantor of economic stability.

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